Exercise $13-8($Static$)$ Analyzing and interpreting liquidity LO P$3[$Alternate Version$]$

$[$The following information applies to the questians displayed beiow.$]$

Simon Company's year$-$end balance sheets follow.

$\backslash$table$[[$At Oweentaer $31,$Current vear,$1$ Year Ago,$2$ Years $480],[$Assets$],[$Cash$,$$ $31,300,(5)35,625,$$ $37,689],[$Recounts recelvable, net,$89,500,82,500,58,289],[$Merchandise irruentory,$112,580,82,508,54,600],[$Presuid expenses,$10,790,9,375,5,008],[$Plant assets, net,$278,500,255,000,230,500],[$Trtal assots,$ $523,000,$$ $445,800,$$ $377,509],[$Liabilities and Equity$],[$Eccounts payable,$ $129,900,$$$75,256,(51,250],[$Lons$-$tern notes payable,$58,500,181,580,83,589],[$Conmon stock, $$10$ par value,$161,550,163,500,163,580],[$Retained earsing:,$134,100,184,750,79,250],[$Total $21$ abilition and esuity,$ $522,000,$$ $445,000,$$ $377,500]]$

The company's income statements for the currem year and one year ago follow. Assume that all sales are on credit:

The compary's income statements for the current year and one year ago follow. Assume that all saies are on credit:

$\backslash$table$[[$For Year Ended Decenter $31,$Current vear,$2$ Year kgp$],[$sales$,,$$ $673,500,,$$ $532,000],[$Cest of gpods nold,$ $111,225,,$$ $345,500,],[$Other operating expenses,$289,550,,134,988,],[$Intereat expanse,$12,139,,23,500,],[$Income tax expense,$9,525,,8,$ B$15,],[$Total conts and mepenses,,$642,408,,582,625],[$Net income,,$ $31,100,,$$ $29,375],[$Famangs per share,,$31\mathrm{.}92,,$$ $1\mathrm{.}00]]$

Exercise $13-8($Static$)$ Part $4[$Alternate Version$]$

$(4-$a$)$ Compute days' sales in inventory.

$(4-$b$)$ For each ratio, determine if it imperoved or warsened in the current year.

$(4-6)$ For each ratio, desermine if it improved or worsened in the current year.

Complete this question by entering your answers in the tabs below.

Secured $4$A

Required $48$

Compute days' sales in irwartary.

$\backslash$table$[[$Days: Sales in Inventory$],[,$Numerator:,f$,$Deneminstor,x$,$Days,$-,$Days' Sales In Imventory$],[,,i,,$x$,,-,$Orgs' saies in invertory$],[$Current Year:,,?,,x$,,-,0],[1$ Year Ago:,,$),,$x$,,-,0]]$